Kingsmen Creatives has won a $36 million contract from the Singapore Tourism Board to help construct the Singapore Pavilion at the upcoming World Expo 2025 at Osaka.
Such world expos are held every five years. The upcoming Osaka edition will be held for six months from April to Oct 2025. The organisers are projecting some 28 million visitors.
This will be the third time Osaka is hosting a world expo.
Kingsmen says this contract is expected to contribute positively to the EPS and NTA of the company for the coming FY2023 to FY2026.
Back when the company announced its 1HFY2022 earnings for the six months ended June, it had total contracts worth $284 million as at July 2022, of which $247 million is expected to be recognised in 2022.
Kingsmen Creatives is expected to report its results on Thursday.
See also: Nam Cheong secures multi-year OSV charter contracts worth RM1.2 bil
Kingsmen shares closed at 28 cents on Feb 20, down 3.45% for the day.
